Memiontec Holdings Ltd. Announces Renounceable Non-Underwritten Rights Cum Warrants Issue: A Potential Game-Changer for Investors
Memiontec Holdings Ltd. (the “Company”) has announced a renounceable non-underwritten rights cum warrants issue that could significantly impact the company’s future and its shareholders. This strategic move by the company is worth a closer look for investors.
Key Highlights:
– The company will be issuing up to 440,514,000 rights shares at an issue price of S\$0.009 per share [[1]] – The rights shares will be issued on the basis of two (2) rights shares for every three (3) existing ordinary shares held by shareholders as of the record date [[1]] – In addition to the rights shares, the company will be issuing up to 704,822,400 free detachable warrants, with each warrant carrying the right to subscribe for one (1) new ordinary share at an exercise price of S\$0.003 [[1]] – The warrants will be issued on the basis of eight (8) warrants for every five (5) rights shares subscribed for [[1]]
Potential Impact on Shareholders:
– The rights cum warrants issue could provide existing shareholders with an opportunity to increase their stake in the company at a discounted price [[1]] – The free detachable warrants could potentially give shareholders additional upside if the share price rises above the exercise price of S\$0.003 per warrant [[1]] – The additional capital raised from the rights issue could be used by the company to fund its growth and expansion plans, which could positively impact the company’s future performance and share price [[1]]
Key Dates to Note:
– The shares will trade on a “cum-rights” basis on the Catalist of the SGX-ST up to 5.00 p.m. (Singapore time) on 10 April 2025 [[2.2]] – The shares will trade on an “ex-rights” basis from 9.00 a.m. (Singapore time) on 11 April 2025, and any person who purchases shares on and from 11 April 2025 will not be entitled to the provisional allotments of rights shares with warrants [[2.2]] – The record date for determining the provisional allotments of rights shares with warrants is 5.00 p.m. (Singapore time) on 14 April 2025 [[2.1]]
Conclusion:
The renounceable non-underwritten rights cum warrants issue announced by Memiontec Holdings Ltd. could be a significant event for the company and its shareholders. The potential to increase their stake at a discounted price, coupled with the free detachable warrants, could make this a compelling opportunity for investors. However, as with any investment decision, it is crucial for investors to carefully review the company’s financials, growth prospects, and the terms of the rights cum warrants issue before making any investment decisions.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own due diligence and seek professional financial advice before making any investment decisions.
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